Pricing Debit Card Payment Services
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Pricing Debit Card Payment Services
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Author : Wilko Bolt
language : en
Publisher: International Monetary Fund
Release Date : 2003-10-01
Pricing Debit Card Payment Services written by Wilko Bolt and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-01 with Business & Economics categories.
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In setting its prices, it needs to consider getting both consumers and retailers to participate in the market. In this two-sided market for debit cards, we show that the "double-monopolistic" network routing switch may want to supply consumers with cheap debit cards, deriving profits from charging a high retailer fee per transaction. This theoretic result resembles the current practice in the Netherlands where consumers pay no transaction fee, but retailers do. This corner solution carries over when we analyze socially optimal pricing.
Pricing Debit Card Payment Services
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Author : Wilko Bolt
language : en
Publisher:
Release Date : 2011
Pricing Debit Card Payment Services written by Wilko Bolt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In setting its prices, it needs to consider getting both consumers and retailers to participate in the market. In this two-sided market for debit cards, we show that the double-monopolistic network routing switch may want to supply consumers with cheap debit cards, deriving profits from charging a high retailer fee per transaction. This theoretic result resembles the current practice in the Netherlands where consumers pay no transaction fee, but retailers do. This corner solution carries over when we analyze socially optimal pricing.
Cost Recovery And Pricing Of Payment Services
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Author : David B. Humphrey
language : en
Publisher: World Bank Publications
Release Date : 1997
Cost Recovery And Pricing Of Payment Services written by David B. Humphrey and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Banks and banking categories.
Pricing Debit Card Payment Services
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Author : Wilko ; Tieman Bolt (Alexander F.)
language : en
Publisher:
Release Date : 2003
Pricing Debit Card Payment Services written by Wilko ; Tieman Bolt (Alexander F.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Pricing Electronic Payments Services
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Author : Alexander F. Tieman
language : en
Publisher:
Release Date : 2011
Pricing Electronic Payments Services written by Alexander F. Tieman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
In the Netherlands the enormous uptake in the usage of debit cards has been the main driver for the rapid developments in non-cash, point-of-sale, payments. However, several practices in the Dutch electronic payments services industry with regard to pricing and infrastructure have attracted controversy and antitrust scrutiny. In this paper we will present a theoretic framework to analyse pricing structures in debit card schemes. Cardholders value debit cards only to the extent that these are accepted by retailers, while retailers in turn benefit from a widespread usage of cards. This points to a fundamentaldimension of the market for debit cards, namely, that it is two-sided. In setting prices banks need to be careful to get both the consumers' side and retailers' side on board. We show that the consumers' side of the market can be used to generate an increase in demand for debit card payments, for which the retailers effectively pay. This theoretic results nicely corresponds to the current practice in the Netherlands that consumers pay no transaction fee for using their debit cards. Only the retailers pay such a fee. The question arises how this result compares to socially optimal prices, and how system competition between network switches affects this result.
Regulating To Reduce Merchant Service Fees
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Author :
language : en
Publisher:
Release Date : 2020
Regulating To Reduce Merchant Service Fees written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Banks and banking categories.
"Merchant service fees are charged to merchants by their bank for accepting some types of card payments. Scheme (MasterCard and Visa) credit card transactions, and contactless and online scheme debit card transactions, cost merchants more to accept than swiped or inserted debit card transactions. These higher cost payment methods have been growing as a share of transactions in New Zealand. Domestic EFTPOS provides price competition for some scheme debit products, but its use is declining... Merchant service fees, including interchange fees (which usually are the main component of merchant service fees), are unregulated in New Zealand. Over the years a complex pricing system has evolved, with multiple fees depending on the product and merchant. Other than for debit cards (swiped or inserted), weighted average merchant service fees are high relative to international comparisons. This remains the case even after changes by the schemes and participating banks to restructure their merchant service fees and increase transparency to provide better deals"--Executive summary.
Interchange Fees And Payment Card Networks
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Author :
language : en
Publisher:
Release Date : 2009
Interchange Fees And Payment Card Networks written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Credit cards categories.
Optimal Pricing Of Payment Services When Cash Is An Alternative
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Author : Cyril Monnet
language : en
Publisher:
Release Date : 2007
Optimal Pricing Of Payment Services When Cash Is An Alternative written by Cyril Monnet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Cash transactions categories.
Payments are increasingly being made with payment cards rather than currency-this despite the fact that the operational cost of clearing a card payment usually exceeds the cost of transferring cash. In this paper, the authors examine this puzzle through the lens of monetary theory. They consider the design of an optimal card-based payment system when cash is available as an alternative means of payment, and derive conditions under which cards will be preferred to cash. The authors find that a feature akin to the controversial "no-surcharge rule" may be necessary to ensure the viability of the card payment system. This rule, which is part of the contract between a card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash.
E Payment
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Author : Margaret Tan
language : en
Publisher: Singapore University Press
Release Date : 2004
E Payment written by Margaret Tan and has been published by Singapore University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
The volume of payments handled electronically has increased dramatically in recent years, as have liquidity, volatility, and the amount of money flowing across borders. Combine these global trends with a growing convergence in network architecture as e-payment of all kinds moves to Internet protocols, and an ever-increasing push to link payments with business and consumer data, and you have a shifting e-payment landscape that presents daunting challenges, as well as exciting opportunities, for banks, businesses, governments, and citizens. This book takes a unique, wholly integrated look at the e-payment landscape, viewing consumer, business, and wholesale payments as a continuum. It presents a unique description of the changing environment and delineates the dynamic e-payment scene, helping us to understand the possibilities as well as the limits to change, and making a strong contribution to the increasingly important debate about the future of money.
Two Sided Market R D And Payments System Evolution
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Author : Bin Grace Li
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-18
Two Sided Market R D And Payments System Evolution written by Bin Grace Li and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-18 with Business & Economics categories.
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market setting. We calibrate the model to the U.S. payment card data, and conduct welfare and policy analysis. Our analysis shows that the market power of electronic payment networks plays important roles in explaining the slow adoption and asymmetric price changes, and the welfare impact of regulations may vary significantly through the endogenous R&D channel.